Civic Intelligence

Fsl Rural Development Inc

990 • Fiscal year 2010 • EIN 86-0380470

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 15, 2011

Organization ProfileWWW.FSL.ORG
1201 E Thomas Road85014
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.51x

Higher debt load relative to assets than 70% of similar nonprofits.

2010 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets70th percentile

Assets

$5,648,908

No earlier filing loaded for comparison.

Net Assets

$2,763,206

No earlier filing loaded for comparison.

Liabilities

$2,885,702

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,788,176

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $5,648,908Liabilities 2010: $2,885,702Net Assets 2010: $2,763,2062010Assets 2011: $5,763,123Liabilities 2011: $5,477,533Net Assets 2011: $285,5902011Assets 2012: $5,521,921Liabilities 2012: $5,746,156Net Assets 2012: -$224,2352012Assets 2013: $5,337,153Liabilities 2013: $5,372,865Net Assets 2013: -$35,7122013Assets 2014: $5,544,114Liabilities 2014: $5,222,264Net Assets 2014: $321,8502014Assets 2015: $6,692,584Liabilities 2015: $6,001,261Net Assets 2015: $691,3232015Assets 2016: $7,437,699Liabilities 2016: $6,041,247Net Assets 2016: $1,396,4522016Assets 2017: $7,620,750Liabilities 2017: $5,867,014Net Assets 2017: $1,753,7362017Assets 2018: $7,818,447Liabilities 2018: $5,723,974Net Assets 2018: $2,094,4732018Assets 2019: $8,001,405Liabilities 2019: $5,596,986Net Assets 2019: $2,404,4192019Assets 2020: $8,236,454Liabilities 2020: $5,439,083Net Assets 2020: $2,797,3712020Assets 2021: $8,452,709Liabilities 2021: $5,308,277Net Assets 2021: $3,144,4322021Assets 2022: $8,624,578Liabilities 2022: $5,140,026Net Assets 2022: $3,484,5522022Assets 2023: $8,770,240Liabilities 2023: $5,012,602Net Assets 2023: $3,757,6382023Assets 2024: $9,158,770Liabilities 2024: $5,086,126Net Assets 2024: $4,072,6442024

Highlighted filing

2010

Assets$5,648,908
Liabilities$2,885,702
Net Assets$2,763,206
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $4,788,1762010Expenses 2011: $4,040,3382011Expenses 2012: $2,114,4912012Expenses 2013: $1,387,3142013Revenue 2014: $1,638,045Expenses 2014: $1,280,483Net Income 2014: $357,5622014Revenue 2015: $1,658,966Expenses 2015: $1,289,493Net Income 2015: $369,4732015Revenue 2016: $2,032,635Expenses 2016: $1,197,647Net Income 2016: $834,9882016Revenue 2017: $1,438,397Expenses 2017: $1,081,113Net Income 2017: $357,2842017Revenue 2018: $1,465,891Expenses 2018: $1,125,154Net Income 2018: $340,7372018Revenue 2019: $1,490,328Expenses 2019: $1,180,382Net Income 2019: $309,9462019Revenue 2020: $1,561,683Expenses 2020: $1,168,731Net Income 2020: $392,9522020Revenue 2021: $1,540,037Expenses 2021: $1,192,976Net Income 2021: $347,0612021Revenue 2022: $1,559,982Expenses 2022: $1,219,862Net Income 2022: $340,1202022Revenue 2023: $1,589,044Expenses 2023: $1,315,958Net Income 2023: $273,0862023Revenue 2024: $1,791,661Expenses 2024: $1,476,655Net Income 2024: $315,0062024

Highlighted filing

2010

Revenue-
Expenses$4,788,176
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 15, 2011
Return Version
2009v1.7
Gross Receipts
$1,395,096
Mission and Program Overview

Mission

To provide home and community-based services and develop energy-efficient, affordable housing to promote health, independence and dignity for all.

Filing and Contact Details

Filer

EIN
86-0380470
Raw XML AppendixShowing 400 of 955 raw XML fields

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IRS990/Description0The housing Program provides appropriate home choices for seniors and individuals with mobility and specific ability requirements. Residents are encouraged to personalize their surroundings and enjoy neighbors and communal activities. FSL Rural Development consists of four well maintained facilities located throughout the state. Residents served were 146 at the following facilities:Amy Neal Retirement Center - Kingman, AZVianney Villas - Avondale, AZPadua Hills - Wickenburg, AZSt. Agnes - Williams, AZIn 2002, FSL Rural Development Corporation became the managing and sole member of FSL South Mountain LLC. FSL South Mountain LLC guarantees, to the extent of its assets, the payment and performance of obligations of FSL Roeser Village, Inc., a related entity, as defined in the Guaranty Agreement. FSL South Mountain LLC is required to maintain a net worth of $400,000, of which $200,000 must be liquid pursuant to its guarantee requirements. These assets are reported in these financial statements as restricted cash.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Funds collected as security deposits, under contractual agreements, are maintained in a separate fund. The amount maintained in the trust account is to be at least equal to the related tenant security deposit liability.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1FSL Rural Development Corporation and Subsidiary, a non-profit Arizona Corporation, has been granted certificates of exemption from payments of federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986. FSL South Mountain LLC, a wholly owned LLC, is a disregarded entity for income tax purposes as it is a sole member LLC. The Project has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes), on July 1, 2009. The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of June 30, 2010, the unrecognized tax benefit accrual was zero. The Project will recognize future interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Project is no longer subject to Federal tax examinations by tax authorities for years before 2006 and state examinations for years before 2005.
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IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs09594
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs16925
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Schedule J, Part I, Line 3: The organization relied on a related organization that used one or more of the methods described in Part I, line 3 to establish the top management official's, Steve Hastings, compensation. Schedule J, Part II: Guy Mikkelsen is compensated by a related organization, Foundation for Senior Living, Inc., for services provided to Foundation for Senior Living, Inc. and related organizations as President and CEO.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part III
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine10GUY MIKKELSEN
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine11LINDA MARTIN
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs09890
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs16464
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs021676
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs125775
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0216151
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1172030
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction049768
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0WAGES PAID
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0GUY MIKKELSEN JR
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FAMILY RELATIONSHIP: COMPENSATED MORE THAN $10,000 BY THE ORGANIZATION
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0Vianney Villas Apartments St. Agnes Apartments Amy Neal Retirement Center
IRS990ScheduleO/GeneralExplanation/Explanation1The board members are not independent as they are compensated by Foundation for Senior Living (FSL) related organizations for their services provided to the FSL organization as a whole. Foundation for Senior Living has an independent board and they elect the board members for FSL Rural Development Inc.
IRS990ScheduleO/GeneralExplanation/Explanation2Guy Mikkelsen, Linda Martin, Blanca Ruiz, David Paddison and Steve Hastings have a business relationship. They serve as officers and directors for other related organizations.
IRS990ScheduleO/GeneralExplanation/Explanation3FSL Rural Development, Inc. pays FSL Management, an affiliate, a management fee approved by the Department of Housing and Urban Development, in accordance with the management agreement. These services include financial, human resources, and risk management oversight.
IRS990ScheduleO/GeneralExplanation/Explanation4The sole member of this organization is Foundation for Senior Living, Inc.
IRS990ScheduleO/GeneralExplanation/Explanation5The directors shall be appointed by the member of the organization. Directors may be removed at any time without cause by the Member.
IRS990ScheduleO/GeneralExplanation/Explanation6FSL Rural Development, Inc. does not have a committee with authority to act on behalf of the governing body.
IRS990ScheduleO/GeneralExplanation/Explanation7The CFO of Foundation for Senior Living, Inc. (FSL) will review the return prior to being submitted to the governing board. The return will also be provided to the FSL Board of Directors, parent organization.
IRS990ScheduleO/GeneralExplanation/Explanation8Everyone on Boards or working for the Foundation and its Affiliates are covered under the policy. For Foundation, conflicts are determined at the FSL Board level. For Affiliate corporations, conflicts are determined either at the FSL Leadership Council level or the affiliate board level for both the Level at which determinations of whether a conflict exists are made and the level at which actual conflicts are reviewed. All potential conflicts of interest, regardless of how small or insignificant, are to be reported to the President of the Board of Directors (or Committee Chair) prior to engaging in a conflict of interest board or committee action. The President will ask the Board of Directors to make a decision as to whether the relationship is an appropriate one for FSL. The Board member declaring the conflict will have no vote on the matter. Moreover, the person having a conflict shall retire from the room in which the Board (or its Committee) is meeting and shall not participate in the final deliberation regarding the matter under consideration. However, the person shall be permitted to provide the Board or Committee with any and all relevant information prior to leaving the meeting.

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,648,908
Liabilities
$2,885,702
Net assets
$2,763,206
Revenue
-
Expenses
$4,788,176
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.16$5.09$4.07$1.79$1.48$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.77$5.01$3.76$1.59$1.32$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.62$5.14$3.48$1.56$1.22$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.45$5.31$3.14$1.54$1.19$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.24$5.44$2.80$1.56$1.17$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.00$5.60$2.40$1.49$1.18$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.82$5.72$2.09$1.47$1.13$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$5.87$1.75$1.44$1.08$0.36
2016Detailed filing. Detailed filing data is available for this year.$7.44$6.04$1.40$2.03$1.20$0.83
2015Detailed filing. Detailed filing data is available for this year.$6.69$6.00$0.69$1.66$1.29$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.54$5.22$0.32$1.64$1.28$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$5.37$0.04$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$5.75$0.22$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$5.48$0.29$4.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$2.89$2.76$4.79